All external loans sensitised from 5th June 2015 at 7.4% or 2.25% margin over and above the actual rate.

Heaven forbid if you have a Pepper loan at 6.5% as you will need to service that at nearly 9%.

Macquarie meeting tomorrow and expected to follow suit immediately.

Cheers

Yours in Finance

SGB and Advantedge did last week so you haven’t seen anything yet.

Cheers

Yours in Finance

I must admit we have been inundated over the last week or so with enquiries from investors whose own lenders are knocking them back on serviceability.

Half the job of a good broker is to focus on the clients end strategy and figure out a map to get there.

Those borrowers who focus solely on interest rate are now paying the price with the…[Read more]

With 24 years experience as a broker and professional investor I personally wouldn’t touch such online lenders.

What you have to remember is yes the rate might look attractive on the way down but as soon as rates increase these lenders will be the first inline to increase them as their funding rates increase.

Their policies are limited and…[Read more]

Hi Daniel

Welcome to the forum and I hope you enjoy your time with us.

Ok one question at a time:

1) Yes you will need to disclose the ATO debt and yes it will hinder your ability to apply for a new loan.

In saying this there is no reason why you can’t apply for an equity loan with your current lender and pay out the ATO debt.

2)…[Read more]

Hi Lickfold

Firstly welcome to the forum and i hope your time with us. I must say North Qld is a beautiful part of the world although Brissie isnt bad either.

Yes i agree with you the Destiny model is an expense especially when organisations like our own provide loan structuring advice etc for free.

I have to say half the battle is getting the…[Read more]

Personally no level return would make me interested if it is unsecured but i guess everyone is different.

Cheers

Yours in Finance

Good luck getting an unsecured loan of 300K at 15% per annum.

As Jacqui has mentioned we are getting upto 3% fully secured by residential property at say a 65% lvr so your rate is cloud cuckoo land.

Cheers

Yours in Finance

Of course if your adviser is advising on finance they will need to be a Licensed Credit Representative or ACL holder.

If you adviser is making any financial recommendations including property numbers they need to be a Licensed Financial Planner.

Cheers

Yours in Finance

Hi Jon

Yes Nodoc loans are still available in certain circumstances but you wont need that.

Would still some additional data but i believe your deal is well doable at sensible rates.

Cheers

Yours in Finance

Terry, it was thru the advice of a certain armchair investing organisation.

Happy to PM you there details off forum.

Cheers

Yours in Finance

Hi Luca

No i think it is a good idea but as long as you are happy with Melbourne as your investment destination.

We are finding the inner city properties of both Sydney & Melbourne are getting rather overheated and therefore are putting more of our forum clients into SE Qld which still has a lot of room left in it for growth and appreciation.

I…[Read more]

Block with Development Potential every day of the week.

Cheers

Yours in Finance

Yes maximum IIA you can claim is 12 months however it can be a rolling period renewable each expiry.

Cannot be a 5 year fixed rate but 5 x 1 Year fixed rates. Big big difference.

Cheers

Yours in Finance

Ivan i hate to say i think you are 7/8 years too late.

Steve’s book is 12 Years plus old and the contents are largely out of date.

Cheers

Yours in Finance

We are Licensed Buyers Agents in Qld and never do conjunctions.

We act for the Buyer and charge the Buyer for the service.

Cheers

Yours in Finance

Sorry Manuel that comment is rubbish.

Traditional residential lenders do NOT lend on end value irrespective whether the deal stacks up or not.

The original poster made comment that he had very little equity in the purchase so i am assuming it was a mortgage insured loan.

To tell him that a Bank will advance him funds is misleading an…[Read more]

Freddy Terry is saying YOU CANNOT FIX A LOAN FOR 5 YEARS with IIA.

Cheers

Yours in Finance

Most lenders offer it in some form or other.

I have just refinanced a number of properties for another forum member and the 1 Year IIA rate was very sharp.

He is on a large income this year which may reduce over the coming years and makes good financial sense.

Just need to be aware the cut off period for a lot of lenders is coming and it is not…[Read more]